Elmont Home Prices & Values

$327,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.1% 1-year change
  • 3.0% 1-year forecast

The median home value in Elmont is $327,500. Elmont home values have gone up 5.1% over the past year and Zillow predicts they will rise 3.0% within the next year. The median list price per square foot in Elmont is $271, which is higher than the New York Metro average of $264. The median price of homes currently listed in Elmont is $355,000 while the median price of homes that sold is $308,077.

Foreclosures will be a factor impacting home values in the next several years. In Elmont 1.1 homes are foreclosed (per 10,000). This is the same as the New York Metro value of 1.1 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Elmont is 32.2%, which is higher than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Elmont homeowners underwater on their mortgage is 25.2%, which is higher than New York Metro at 15.7%.

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Relative ZHVI
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Elmont Market Overview

Data through Jun 30, 2014
  • $327,500 ZHVI
  • 3.0% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jun 30, 2015)
  • $355,000 Median listing price
  • $308,077 Median sale price
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Elmont Market Health

Data through Jun 30, 2014
  • 3.7/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 25.2% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 32.2% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

1.1 homes Elmont
1.1 homes New York Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
North New Hyde Park $539,600 Floral Park $516,900 Garden City South $484,000
New Hyde Park $477,500 Stewart Manor $460,700 Franklin Square $394,700
Malverne $394,500 Bellerose Terrace $371,200 Valley Stream $358,000

Listings & Sales

Data through Jun 30, 2014
  • $271 Median list price / sq ft
  • $235 Median sale price / sq ft
  • 19.2% Listings with price cut
19.3%
Sold below listing
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Elmont Rentals

Data through Jun 30, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,434 Elmont
$2,300 New York Metro
$1,310 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • No data Rent list price / sq ft
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